54,478 Shares in TXNM Energy, Inc. (NYSE:TXNM) Bought by Guggenheim Capital LLC

Guggenheim Capital LLC purchased a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 54,478 shares of the company's stock, valued at approximately $2,679,000. Guggenheim Capital LLC owned approximately 0.06% of TXNM Energy at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in TXNM Energy in the 4th quarter worth about $497,880,000. Loomis Sayles & Co. L P acquired a new position in shares of TXNM Energy in the 4th quarter valued at about $11,742,000. JPMorgan Chase & Co. purchased a new stake in shares of TXNM Energy in the fourth quarter worth approximately $31,972,000. Pictet Asset Management Holding SA acquired a new stake in shares of TXNM Energy during the fourth quarter worth approximately $484,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of TXNM Energy during the fourth quarter worth approximately $748,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Scotiabank raised their price objective on shares of TXNM Energy from $52.00 to $55.00 and gave the company a "sector perform" rating in a research report on Monday, February 24th. Barclays raised their price target on shares of TXNM Energy from $56.00 to $57.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Mizuho upgraded shares of TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 price objective for the company in a report on Tuesday, March 11th. Finally, Evercore ISI upgraded TXNM Energy from an "in-line" rating to an "outperform" rating and raised their target price for the company from $51.00 to $54.00 in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $53.57.

TXNM Energy Price Performance

Shares of NYSE TXNM traded up $0.19 during trading on Wednesday, reaching $53.53. The company had a trading volume of 493,302 shares, compared to its average volume of 864,423. TXNM Energy, Inc. has a 52 week low of $39.60 and a 52 week high of $55.50. The business's 50 day moving average price is $51.93 and its 200-day moving average price is $48.73. The stock has a market cap of $4.96 billion, a PE ratio of 27.88, a PEG ratio of 6.12 and a beta of 0.15. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. The business had revenue of $476.96 million for the quarter, compared to analysts' expectations of $496.05 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. Analysts expect that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be paid a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, April 25th. TXNM Energy's dividend payout ratio (DPR) is 61.05%.

TXNM Energy Profile

TXNM Energy, Inc, through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity.